Malaysia's largest Islamic bank launches first overseas branch in Dubai

The first overseas branch of Maybank Islamic Berhad, the largest Islamic bank in Malaysia, has opened in Dubai. Maybank Islamic, the Shariah-compliant division of Malaysia's largest lender Malayan Banking Berhad (Maybank), was granted the full Islamic banking licence from the Dubai Financial Services Authority (DFSA) in July 2019. "With Dubai being a leading Islamic economic centre, it was timely for Maybank Islamic to be here to tap into the increasing demand for financing in the global halal economy and to become a link between the GCC countries and the world's fifth largest economy...